Research Nester assesses the growth and market size of global drag reducing agent market which is anticipated to be on account of the increasing demand from end-use industries and increasing demand for petrochemical sector.

New York – September 1, 2023 - Research Nester’s recent market research analysis on “Drag Reducing Agent Market: Global Demand Analysis & Opportunity Outlook 2035” delivers a detailed competitors analysis and a detailed overview of the global drag reducing agent market in terms of market segmentation by type, end user, and by region.

Global Expansion to Promote Global Market Share of Drag Reducing Agent
Regions with expanding pipeline networks are experiencing a surge in DRA demand. These areas are hotbeds for market growth as they seek to optimize fluid transportation efficiency. The Middle East, North America, and Asia have seen significant investments in pipeline infrastructure. The drag reducing agent sector is poised for continued growth, driven by the expanding oil and gas industry, infrastructure development, energy efficiency imperatives, technological advancements, evolving environmental regulations, and global expansion. These driving forces collectively contribute to the sector's vitality and underscore its importance in enhancing fluid transportation efficiency and sustainability on a global scale.
Some of the major growth factors and challenges that are associated with the growth of the global drag reducing agent market are:
Growth Drivers:
• Increasing Technological Advancements
• Growing Environmental Regulations
Challenges:
Collaboration with regulatory bodies, continuous monitoring of policy changes, and proactive formulation adjustments are critical to ensuring compliance while maintaining product efficacy. Evolving environmental regulations, especially regarding the use of chemicals in fluid transportation, can pose compliance challenges for DRA manufacturers.
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The polymer segment is to garner a highest revenue by the end of 2035 by growing at a significant CAGR over the forecast period. Polymer-based DRAs address this challenge by reducing frictional losses, resulting in considerable energy savings and cost reductions for pipeline operators. According to the U.S. Department of Energy, inefficient fluid transportation processes contribute to significant energy losses.
By region, the Europe drag reducing agent market is to generate a notable revenue by the end of 2035. Europe has an extensive network of pipelines for the transportation of oil, gas, and other fluids. Ongoing pipeline construction and expansion projects, including interconnectors and cross-border pipelines, drive the demand for DRAs to optimize fluid transportation efficiency. As Europe transitions towards cleaner and more sustainable energy sources, there is a growing emphasis on optimizing the efficiency of existing infrastructure. DRAs help reduce energy consumption in fluid transportation, aligning with energy transition goals.

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This report also provides the existing competitive scenario of some of the key players of the global drag reducing agent market which includes company profiling of Nalco Champion (Ecolab Inc.), Baker Hughes, Innospec Inc., Lubrizol Corporation, Halliburton, Clariant AG, and others.
Access our detailed report at: https://www.researchnester.com/reports/drag-reducing-agent-market/5221
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